MGM Resorts International (MGM)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,363,600 | 4,910,590 | 8,154,690 | 6,416,180 | 5,950,660 |
| Total current liabilities | US$ in thousands | 3,351,680 | 3,126,070 | 4,515,890 | 3,442,260 | 1,856,580 |
| Current ratio | 1.30 | 1.57 | 1.81 | 1.86 | 3.21 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,363,600K ÷ $3,351,680K
= 1.30
MGM Resorts International's current ratio has shown a downward trend over the past five years, decreasing from 3.21 in December 2020 to 1.30 in December 2024. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong liquidity position.
While MGM Resorts International's current ratio has gradually decreased, it still remains above 1, indicating that the company can still meet its short-term obligations. However, the declining trend may signal a potential need to monitor the company's liquidity position closely to ensure it can continue to meet its financial obligations in the near term.
Peer comparison
Dec 31, 2024